Kyocera (TYO:6971) outlined a strategic business transformation project aimed at lifting ROE to 5% or more by fiscal 2028 and 8% or more by fiscal 2031, from 0.7% in fiscal 2025 and a forecast 3.6% in fiscal 2026, according to a Tuesday filing on the Tokyo Stock Exchange.
The company said it will strengthen portfolio management by evaluating businesses based on ROIC from fiscal 2027 and restructuring operations equivalent to about 200 billion yen in sales, including transfers of its silicon diode power semiconductor and chemical businesses and the divestment of SouthernCarlson.
Kyocera also laid out capital measures including sales of 200 billion yen of cross-shareholdings in fiscal 2026 and 250 billion yen in fiscal 2027, alongside share repurchases of up to 500 billion yen in fiscal 2027-2028 and dividends of 150 billion yen.
It plans to adopt DOE as its dividend benchmark from fiscal 2027.